Multiple Choice
June made an initial deposit of $4700 in an account for her son. Assuming an interest rate of 8% compounded quarterly, how much will the account be worth in 12 years?
A) $11,920.81
B) $12,047.53
C) $12,159.23
D) $7710.85
Correct Answer:
Verified
Correct Answer:
Verified
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